All the Hacks with Chris Hutchins

Best Bank Account Setup to Earn Interest on All Your Cash


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#177: Chris shares the best accounts to replace your checking account and maximize interest earning. He evaluates must-have banking features, compares 10+ bank accounts, assesses the pros and cons of switching accounts, offers automation tips to elevate your banking experience and so much more. 

Link to Full Show Notes: https://allthehacks.com/best-bank-accounts-high-interest


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Resources Mentioned

All the Hacks

  • Membership
  • Bank Bonuses
  • Episodes #62: Protect Your Family, Mitigate Taxes and Preserve Your Wealth
  • All-in-One High Yield Accounts:

    • Fidelity Cash Management (SPAXX coming June 15)
    • Wealthfront Cash Account (Get 5.5%)
    • U.S. Bank Elite Money Market
    • TransferWise (For international transactions)

      High Yield Savings + Checking w/ Overdraft:

      • Mercury: Enter giveaway to skip the waitlist for Mercury Personal
      • SoFi
      • Capital One
      • Discover
      • CIT Bank
      • Ally Bank
      • Robinhood: Spending | Investing
      • Schwab Checking Account
      • Recurring Transfers: Zelle App

        Personal Finance Tracker: Copilot (Get 2 months free with code HACKS2)

        Wealthfront:

        • Automated Bond Ladder + Calculator
        • Automated Savings Plan

        • Full Show Notes

          (00:00) Introduction

          (03:29) Must-Have Features in a Primary Bank Account

          (09:23) Tiebreakers to Consider for a Bank Account

          (14:43) High-Yield Savings Accounts

          (17:41) Regular Checking Accounts

          (21:43) The Most Optimal Way to Use a Bank Account

          (24:54) Comparison of Banks with Main Features You Need

          (28:50) Robinhood's Investing & Spending Accounts

          (30:52) The Difference Between Bank Accounts and Investment Accounts

          (33:25) The Schwab Checking Account

          (38:39) Unique Features of Mercury

          (44:33) The Wealthfront Individual Cash Account

          (46:15) U.S. Bank's Elite Money Market Account

          (47:17) Fidelity Cash Management Account

          (53:24) Chris' Top 3 Bank Account Recommendations

          (56:42) Is It Worth Switching Bank Accounts?

          (58:45) Simple Steps to Automate Your Financial Life


          Connect with All the Hacks

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          Chris Hutchins: X | Instagram | Website | LinkedIn


          Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

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